According to the research report titled ‘North America Automotive Chromium Finishing Market Forecast 2027 By End-user, By Base Material, By Process, By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America automotive chromium finishing market is touted to be valued at USD 380 million by 2027.
 

As per the report findings, growing automotive sector, and increasing number of vehicle owners are the primary factors stimulating North America automotive chromium finishing market growth.
 

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Furthermore, rising levels of disposable income, coupled with rapid technological advancements for bettering the quality of surface finishing in vehicles is fostering the market development.
 

For the unversed, automotive chromium finishing is used in vehicles to enhance their appearance and to provide offer functional advantages such as high resistance to corrosion as well as wear & tear of auto parts.
 

Considering the base material, the market is classified into metal, (aluminum, steel and others), and plastic. Among these, steel sub-segment is expected to capture 65% market share by 2027, owing to its extensive use in manufacturing of automobile components.
 

By end user scope, North America automotive chromium finishing industry is split into automotive OEM, and automotive aftermarket. The automotive aftermarket segment poised to hold 80% of North America automotive chromium finishing industry share by 2027, driven by increasing demand for repair & maintenance services.
 

Based on process type, the market classification comprises hard chrome, and decorative chrome. The hard chrome segment is touted to deliver notable gains over the forecast period, as this process increases the durability of vehicles and offers protection from corrosion.
 

By vehicle type, the business vertical is split into LCV (light commercial vehicle), HCV (heavy commercial vehicle), passenger cars, and two wheelers. The passenger car segment is anticipated to capture 85% market share by the end of the analysis period. This can be attributed to rising sale of passenger cars, higher focus on vehicle aesthetics, and increasing customer preference for customization of car parts.
 

Major companies operating in North America automotive chromium finishing industry are Eakas Corp., Valley Chrome Plating Inc., Taiyo Technology of America Ltd., U.S. Chrome Corp., MacDermid Inc., and Atotech Deutschland GmbH.